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SINGAPORE, June 29 (Xinhua) -- China's Yellow River Conservancy Commission (YRCC) received the Lee Kuan Yew Water Prize for its outstanding accomplishments in integrated river basin management on Tuesday evening.The Lee Kuan Yew Water Prize is the highlight of the Singapore International Water Week, which is held here from June 28 to July 2. With its success in transforming China's second-longest river, the YRCC outshone 49 other nominees to become the third recipient of the Lee Kuan Yew Water Prize.Accepting the award on behalf of the YRCC, Li Guoying, Commissioner of the YRCC said, "The YRCC is deeply honored to receive the Lee Kuan Yew Water Prize for our efforts in revitalizing the Yellow River. We recognize that more can be done to enhance the ecosystem along a river that plays a vital role in China's economic development and holds an important position in the hearts of its people. This endorsement reaffirms our long-term commitment to nurturing and improving the quality of life along the river through sustainable river management strategies."The YRCC was empowered by the Chinese central government in 1999 to manage and integrate water allocation in the entire Yellow River. YRCC's innovative policies and solutions have brought about widespread and sustainable social, economic and environmental benefits. In just 10 years, the remarkable transformation of China 's second longest river by YRCC has secured water supply for over 100 million people, restored extensive areas of wetlands and biodiversity and protected some 90 million people living in the flood-prone areas of the Yellow River from devastating floods.

SHANGHAI, Aug. 21 (Xinhua) - Shanghai International Port Group (SIPG), China's largest commercial port and one of the country's major gateways for foreign trade, reported a 52 percent increase in profits during the first half of the year.Net profits for SIPG were 2.6 billion yuan (385 million U.S. dollars) from January to June, up 52.4 percent year on year, the company said in a statement to the Shanghai Stock Exchange on Saturday.Further, earnings per share rose 52 percent from a year earlier to 0.12 yuan, according to the statement.The company attributed the growth mainly to China's robust trade performance in the first half of the year.During the first half of 2010, China's exports rose 35.2 percent to 705.09 billion U.S. dollars while imports increased 52.7 percent to 649.79 billion U.S. dollars, according to the General Administration of Customs.SIPG shares on the Shanghai bourse closed down 0.48 percent to 4.17 yuan on Friday.

BEIJING, Aug. 3 (Xinhua) -- China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects since July 15, according to a circular of the Ministry of Finance and other departments.The move seeks to encourage research and development in the nation' s major strategic products, core technologies and major projects, said the circular.Custome officers are checking imported goods in a bonded warehouse.The projects that have been exempted from taxation include core electronics, high-end universal chips, basic software, integrated circuit-manufacturing equipment, new generation wireless mobile communication networks, and new drugs for prevention and treatment of some infectious diseases such as AIDS and hepatitis.

BEIJING, July 11 (Xinhua) -- China's Central Meteorological Station warned Sunday that rainstorms would again batter many provinces and regions in the coming days bringing with it bigger risks of new flooding and other geological disasters in central and eastern China.From Monday until Wednesday, the observatory forecast some regions in provinces including Guizhou, Hunan, Hubei, and Anhui will see heavy rain.Eastern Jiangsu, Zhejiang, Jiangxi, central Henan, Chongqing and Shanghai will also see rainstorms during the next three days.A total of 14.92 million people in 10 provinces and regions along China's longest river, the Yangtze, have had their lives disrupted after torrential rains began pounding since July 8, a statement from the Office of State Flood Control and Drought Relief Headquarters (SFDH) said Sunday.Rain-triggered floods also brought damage to 806,000 hectares of farmland and destroyed 20,000 houses, with direct economic losses standing at 8.6 billion yuan (1.3 billion U.S. dollars), a statement from the flood control authority said.Official figures showed during the 10 days ended on Saturday, at least 50 people were confirmed dead and 15 others were still missing in 9 provinces after heavy rains.Rain-triggered floods have left 14 people dead and three others missing in Chongqing Municipality since Thursday, toppling more than 3,000 houses, partly cutting off power supply and causing the evacuation of 80,400 people, according to the local government.The floods have affected the lives of more than 1.7 million people in 17 districts and counties there, incurring 1.34 billion yuan in direct economic losses, Chongqing's flood-control and drought-relief headquarters said.In Hubei Province, 17 people were killed and three others missing amid downpours since July 3, which affected the lives of more than 5.63 million people in 75 counties across the province, Hubei's Civil Affairs Administration said Sunday.More than 182,500 residents had been relocated after heavy rains damaged more than 71,000 houses, inundated 537,650 hectares of farmland, cutting off many road services and suspended power supply.In Jiangxi Province, more than 34,000 people have been evacuated since July 5 when downpours began to hit 22 counties, pulling down more than 2,400 houses.So far 620,000 people from five provinces in eastern and central China have been evacuated from flood-hit areas as soldiers from the People's Liberation Army and armed police forces mobilize to fight the floods.Chen Lei, Minister of Water Resources, also SFDH vice director, said at a work meeting Sunday that local authorities should come up with detailed plans for flood control to minimize losses caused by the disaster.A total of 8 work teams sent by SFDH are also helping with flood control work in provinces along the Yangtze and in northwest China's Qinghai Province, where thousands of people were evacuated Sunday from Golmud City as a risky reservoir nearby was on the verge of breaching after heavy rain.But the water level of the reservoir has begun easing, the SFDH said, as temporary channels had been dug to divert water.Chinese Vice Premier Hui Liangyu urged at a work conference Saturday relevant departments to closely monitor the weather and issue alerts promptly, reinforce dams and dikes as well as resettle people affected by the floods.Meteorological experts warned cities should be on alert against water logging while mountainous areas should be wary of mud flows and landslides triggered by heavy rains.